GameStop Corp.
GME,
said late Tuesday it will retire more than $200 million worth of debt, saying the early redemption of some of its senior notes “will further strengthen the company’s balance sheet and support its transformation.” The 10.0% notes were due in 2023 and the early redemption, on April 30, will cover the entire amount outstanding, GameStop said. The company will use cash on hand, it said. Shares of GameStop rose 0.8% in the extended session Tuesday after ending the regular trading day down less than 0.1%.
